ACE Sets Deployment for New Capabilities on July 8, 2017

ACE Sets Deployment for New Capabilities on July 8, 2017 On July 8, 2017 U.S. Customs and Border Protection (CBP) will deploy a series of new Automated Commercial Environment (ACE) capabilities to support Collections and Statements, Reconciliation, Drawback*, Duty Deferral and Liquidation (with the exception of the previously deployed electronic posting of the Notices of … [Read more...]

Chinese National Stole Sensitive Military Program Documents From United Technologies

Chinese National Stole Sensitive Military Program Documents From United Technologies Yu Long, 38, a citizen of China and lawful permanent resident of the U.S., pleaded guilty to charges related to his theft of numerous sensitive military program documents from United Technologies and transporting them to China. One count of conspiracy to engage in the theft of trade secrets … [Read more...]

ZTE Fined More Than $1 bln for U.S. Sanctions Violations

ZTE Fined More Than $1 bln for U.S. Sanctions Violations Combined Penalty of $1.19 Billion with Department of Commerce and Department of Treasury Actions Shows All of Government Approach to Sanctions Enforcement From Reuters: The Chinese telecoms equipment giant ZTE  agreed to pay more than a billion dollars in fines and plead guilty to criminal charges for illegally … [Read more...]

OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba

OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba The Office of Foreign Assets Control (OFAC - Department of the Treasury) settles with Toronto-Dominion Bank -a financial institution headquartered in Canada has agreed to pay $516,105 to settle potential civil liability for 167 violations of the U.S. sanctions against Iran and Cuba. OFAC has also issued a … [Read more...]